What penalties does NIS2 provide for?

ANSWER

The NIS2 Directive provides for severe financial penalties for entities that fail to meet its requirements. The level of penalties depends on the nature of the infringement and may vary between Member States, as each implements the Directive at national level. However, the Directive establishes minimum standards for penalties, which may reach up to EUR 10 million or 2% of the total global annual turnover of the undertaking – whichever is the higher amount.